Moon Inc. (1723) Releases Interim Results for the Six Months Ended 30 September 2025

Bulletin Express
11/01

Moon Inc. (the “Company”) reported revenue of approximately HK$106.1 million for the six months ended 30 September 2025, up about 7.65% from HK$98.5 million for the same period in 2024. Gross profit rose from approximately HK$18.5 million to HK$22.8 million, and overall gross profit margin improved from 18.8% to 21.5%. The increase in revenue and margin was attributed to enhanced product offerings.

Administrative expenses reached approximately HK$16.0 million, up from HK$6.4 million. The Company recorded a net loss attributable to owners of approximately HK$196 million, primarily due to the initial recognition of option components embedded in convertible notes. However, a fair value gain of about HK$293.5 million on financial assets through other comprehensive income turned total comprehensive income into approximately HK$97.2 million.

No interim dividend was recommended, and no special dividend was declared for the reporting period. As of 30 September 2025, net current assets stood at around HK$64.9 million, with no bank borrowings. The Group continued its investments in Bitcoin, holding about 28.88 units as of 30 September 2025, and also acquired equity stakes in DV8 Public Company Limited in Thailand and an interest in Bitplanet Inc. in Korea.

The convertible notes issued in May 2025, with a principal amount of HK$33.8 million, were fully converted on the same day into 75 million shares, increasing total issued shares from 400 million to 475 million. The directors did not recommend an interim dividend for the period ended 30 September 2025.

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